Table 9-1 Dapper Dons Partnership Income Statement for the 12 Month Ending December: Current Year Sales $2,357,000 Returns and allowances (20,000) $2,337,000 Beginning inventory (FIFO method) $200,050 Purchases 624,000 Labor 600,000 Supplies 42,000 Other costs(a) m Goods available for sale $1475, 050 Ending inventory(b) (146,000) (1,332,050) Gross prot $1,004,950 Salaries for employees other than partners (w-2 wages) $51,000 Guaranteed payment for Dapper 85,000 Utilities expense 46,428 Depreciation (MACRS depreciation is $74,311)c 49,782 Automotive expense 12,085 Ofce supplies expense 4,420